Ex-NFL Player Facing Federal Insider Trading Charges Slated To Speak At RNC
Retired NFL player Jack Brewer was charged with insider trading by the U.S. Securities and Exchange Commission earlier this month, NPR reported Tuesday, and he was also slated to speak at the Republican National Convention on Wednesday.
- Brewer, who is a member of Black Voices for Trump, began working in financial services after retiring from football.
- Per NPR, “The SEC alleges he sold 100,000 shares in a penny stock, because he had inside information that the company's share price was likely to drop.”
- The report noted that the charges against Brewer, which were filed on August 6, are civil and not criminal.
- The SEC seeks “financial penalties, a return of ‘all ill-gotten gains he received directly or indirectly,’ and a permanent ban on Brewer ’from participating in any offering of a penny stock,’" the news outlet reported.
- NPR noted that “Brewer has become a prominent supporter of President Trump's reelection, making frequent appearances on Fox News, and tweeting that ‘Trump has done more for blacks than any [President] since Lincoln.’ He also called Trump, "the first Black President” at a White House event in February.